Tommy Hilfiger Sells Greenwich home for $20 million

American fashion mogul, Tommy Hilfiger, has sold his Greenwich, Connecticut estate for $20 million after being on the market for more than a year.

Fifty-eight-year-old Hilfiger has finally sold his Greenwich home for $20 million after the house was listed for more than a year. Originally listed for $27.9 million, Hilfiger dropped the price and the house now belongs to an unnamed individual.

The home known as Stone Hill is set on four acres of land and is a 20,000-square-foot Georgian mansion with eight bedrooms and nine bathrooms. The luxurious mansion also features a private movie theater, a 2,000-bottle wine cellar, an indoor basketball course, a tennis court, a pool, and a gym, sauna, and spa-treatment room.

The designer, responsible for taking a vision of classic American sportswear and making it into one of the world’s most recognizable lifestyle brands, bought Stone Hill in 2005 for $18 million. The home was newly constructed at the time, but Hilfiger added his own personal touches with custom millwork and exotic wall treatments that include cashmere and crocodile skins. Hilfiger now lives with his wife, Dee Ocleppo, and their son, Sebastian Thomas, in New York City.

Via: Wall Street Journal